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Senate Bill 192

Actions | Amendments

Last Action	03/27/26: to Rules (S)
Title	AN ACT relating to municipal financial reporting.
Bill Documents	Current Introduced
Fiscal Impact Statements	Local Mandate Additional Fiscal Impact Statements Exist
Bill Request Number	1964
Sponsors	A. Mays Bledsoe, S. Madon
Summary of Original Version	Amend KRS 91A.020 to allow cities bringing in or expending less than $15 million to conform to cash, modified accrual, or budgetary basis of accounting rather than generally accepted governmental accounting principles; amend KRS 91A.040 to allow cities bringing in or expending less than $500,000 to perform an agreed-upon procedures engagement for the fifth fiscal year in which the city remains in that fiscal category, and require cities conducting an audit to contract with an auditor to examine the basic financial statements that include financial statements prepared under the basis of accounting used by the city; require each city to publish an advertisement containing a budget-to-actual comparison schedule for the general fund and remove the publication requirement for copies be available at no cost; require the city to make a copy of the audit report available to the Auditor of Public Accounts; amend KRS 424.220 to make conforming amendments and require a city to publish a financial statement within 30, rather than 90 days after submission to the Department for Local Government; exempt from the publication requirements officers of cities that have completed an audit under KRS 91A.040 and cities that have completed an agreed-upon procedures engagement; create a new section of KRS Chapter 91A to allow cities to complete an agreed-upon procedures engagement with the Auditor of Public Accounts or a certified public accountant rather than an audit if the city meets certain requirements; establish standards for the agreed-upon procedures engagement process; establish reporting, advertising and access requirements; direct that the Department for Local Government may permit a city to use this process under certain circumstances when the city has not completed and reported an audit for 2 or more fiscal years.
Index Headings of Original Version	Accountants - Cities, fiscal accounting and audits, preparation Accountants - Agreed-upon procedures engagement process, option, cities Advertising - Cities, fiscal accounting and audits, requirements Auditor Of Public Accounts - Cities, fiscal accounting and audits, preparation and reporting Audits And Auditors - Fiscal accounting, cities, available options Audits And Auditors - Auditor of Public Accounts, agreed-upon procedures engagement process, option Audits And Auditors - Agreed-upon procedures engagement process, option, cities Cities - Cities, fiscal accounting and audits, requirements Cities - Agreed-upon procedures engagement process, option, cities Financial Responsibility - Cities, fiscal accounting and audits, requirements Local Government - Cities, fiscal accounting and audits, requirements Local Government - Agreed-upon procedures engagement process, option, cities Public Records And Reports - Cities, fiscal accounting and audits, requirements Publications - Fiscal accounting and audits, cities, reporting, access Reports Mandated - Fiscal accounting and audits, cities, reporting, access Local Mandate - Cities, fiscal accounting and audits, requirements
Jump to Proposed Amendments	Senate Committee Substitute 1 with Fiscal Impact Statements House Floor Amendment 1 House Floor Amendment 2
Votes	Vote History

Actions

Top | Amendments

02/12/26	introduced in Senate to Committee on Committees (S)
02/23/26	to State & Local Government (S)
02/25/26	reported favorably, 1st reading, to Calendar with Committee Substitute (1)
02/26/26	2nd reading, to Rules
02/27/26	posted for passage in the Regular Orders of the Day for Monday, March 02 2026
03/02/26	3rd reading, passed 37-0 with Committee Substitute (1)
03/03/26	received in House to Committee on Committees (H)
03/19/26	to Local Government (H)
03/24/26	reported favorably, 1st reading, to Calendar
03/25/26	2nd reading, to Rules posted for passage in the Regular Orders of the Day for Thursday, March 26 2026
03/26/26	floor amendments (1) and (2-title) filed
03/27/26	3rd reading, passed 95-0 with Floor Amendment (1) and Floor Amendment (2-title) received in Senate to Rules (S)

Proposed Amendments

Top | Actions

Amendment	Senate Committee Substitute 1
Fiscal Impact Statement	Local Mandate to Senate Committee Substitute 1
Summary	Retain original provisions except specify that cities receiving and expending from all sources and for all purposes less than $15,000,000 may choose to conform with the cash or the modified cash basis of accounting.
Index Headings	Advertising - Cities, fiscal accounting and audits, requirements Auditor Of Public Accounts - Cities, fiscal accounting and audits, preparation and reporting Audits And Auditors - Fiscal accounting, cities, available options Cities - Cities, fiscal accounting and audits, requirements Financial Responsibility - Cities, fiscal accounting and audits, requirements Local Government - Cities, fiscal accounting and audits, requirements Local Mandate - Cities, fiscal accounting and audits, requirements Public Records And Reports - Cities, fiscal accounting and audits, requirements Publications - Fiscal accounting and audits, cities, reporting, access Reports Mandated - Fiscal accounting and audits, cities, reporting, access

Amendment	House Floor Amendment 1
Sponsor	D. Meade
Summary	Retain original provisions; amend KRS 75.031 to require all trustees of a fire district to personally reside in the fire district and declare a vacancy if a trustee moves outside the district during his or her term; amend KRS 273.207 to require all board members of a fire department organized under KRS Chapter 273 to be residents of the area served by the corporation and declare a vacancy if the member moves outside the geographic area during his or her term; declare a vacancy to exist for board members who do not reside in the district or area in the effective date of the Act; provide a method to fill the vacancy; EMERGENCY.
Index Headings	Boards And Commissions - Fire protection entities, board of trustees, membership, residency requirement Charitable And Nonprofit Organizations - Fire protection entities, board of directors, membership, residency requirement County Judges/Executive - Fire protection entities, board of trustees, membership, residency requirement Effective Dates, Emergency - Fire protection entities, board of trustees, membership, residency requirement Firefighters And Fire Departments - Fire protection entities, board of trustees, membership, residency requirement Local Government - Fire protection entities, board of trustees, membership, residency requirement Piggybacked Bills - HB 682 to SB 192 Public Officers And Employees - Fire protection entities, board of trustees, membership, residency requirement Public Protection - Fire protection entities, board of trustees, membership, residency requirement Public Safety - Fire protection entities, board of trustees, membership, residency requirement Taxation, Property - Fire protection entities, board of trustees, membership, residency requirement

Amendment	House Floor Amendment 2
Sponsor	D. Meade
Summary	Make title amendment.
Index Headings	Title Amendments - SB 192/GA

Last updated: 3/30/2026 4:42 PM (EDT)